Rewarding Early Payment
Rewarding Early Payment
Peasy accelerates cashflow in SMEs by rewarding prompt payment, which dynamically reduce over the payment term.
We're the carrot, not the stick.
We plug into all major accounting software allowing businesses to offer dynamically reducing rewards, proven to change behaviour.x
Particularly now, as a result of COVID19 we incentivise those businesses in funds, or access to debt to prioritise payments to those with neither.
See Video: https://youtu.be/_YcermXEowE
See pitchdeck: https://drive.google.com/file/d/1jFhOKVlKVucajJjKVL0xVmGKF8_RfSIb/view?usp=sharing
Buckets of research, surveys etc - but most importantly our trial showed an improvement of 40% on payments made within terms - with 20.7% of payments made within 14 days.
A LITTLE BIT MORE...
Peasy’s platform’s compatible as a plug-in for 12 of the largest SME accounting software. After a 2 minute setup, the business is ready to issue customers an offer of rewards each time they’re invoiced. The rewards are financed by the supplier, and converted into dynamically reducing offers of Avios, (or equivalent values as charitable donations with our partners: Cancer Research UK, Trees for Cities).
Peasy replaces out-dated, administratively cumbersome, and easily abused invoice-settlement discounts. But just like them, if the customer doesn’t pay early, there’s no cost.
Our initial focus is the UK (5.7m SMEs), followed by the US (30m SMEs). Although the number of SMEs are forecast to be decimated following COVID, they will re-emerge and continue to grow. Our Step 1 Marketing Plan has 3 core pillars to get us our first 1000 users.
I'M PASSIONATE ABOUT CASHFLOW
Great for business, but not much fun at parties.
I’ve started, built, exited and invested in SMEs - and experienced in launching new concepts that everyone thought was obvious after I brought them to market. I’ve got a great CTO co-founder who I’ve known for years. He’s got a BSC in AI (very proud parents) and experience in banks and Silicon Valley Startups.
We’re supported by a fantastic chairman, industry experts as advisors and NEDs.
Entrepreneur, started built and exited several businesses. Experienced in establishing new-concepts, and achieving fast growth.
Experience in Silicon Valley startups, Fintech and Banking. BSc AI
Chairman of Zoo Digital plc and Jisp.com, and sat on several FTSE boards.
Experienced techpreneur. Co-founder of Easynet and others.